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Hindustan Unilever reports Q3 profit up 19%, acquires beauty brand Minimalist for Rs 2,955 crore.
Hindustan Unilever (HUL) reported a 19% increase in net profit to Rs 3,001 crore for Q3, with a 2% rise in revenue to Rs 15,195 crore.
HUL also acquired a 90.5% stake in the direct-to-consumer beauty brand Minimalist for Rs 2,955 crore, planning to buy the remaining stake within two years.
The acquisition aims to boost HUL's presence in high-margin segments as the Indian market shifts towards premium products.
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Hindustan Unilever reporta beneficios Q3 hasta el 19%, adquiere la marca de belleza Minimalist para Rs 2.955 crore.